ProShares UltraPro Correlations

SPXU Etf

USD 57.76 2.52 4.56%

The current 90-days correlation between ProShares UltraPro Short and ProShares Short QQQ is -0.14 (i.e., Good diversification). The correlation of ProShares UltraPro is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak. If the correlation is 0, the equities are not correlated; they are entirely random.

ProShares UltraPro Correlation With Market

Significant diversification

The correlation between ProShares UltraPro Short and DJI is 0.05 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding ProShares UltraPro Short and DJI in the same portfolio, assuming nothing else is changed.

Build AI portfolio with ProShares Etf

Check out World Market Map to better understand how to build diversified portfolios, which includes a position in ProShares UltraPro Short. Also, note that the market value of any etf could be closely tied with the direction of predictive economic indicators such as signals in national income and product accounts.

Moving together with ProShares Etf

0.9	SH	ProShares Short SP500	Pair Corr
0.92	PSQ	ProShares Short QQQ	Pair Corr
0.91	SDS	ProShares UltraShort	Pair Corr
1.0	SPXS	Direxion Daily SP	Pair Corr
0.93	QID	ProShares UltraShort QQQ Aggressive Push	Pair Corr
0.89	SPDN	Direxion Daily SP Aggressive Push	Pair Corr
0.94	DOG	ProShares Short Dow30	Pair Corr

Moving against ProShares Etf

0.93	SPY	SPDR SP 500	Pair Corr
0.93	IVV	iShares Core SP	Pair Corr
0.92	VUG	Vanguard Growth Index	Pair Corr
0.91	VTI	Vanguard Total Stock	Pair Corr
0.79	VTV	Vanguard Value Index	Pair Corr
0.72	BND	Vanguard Total Bond	Pair Corr
0.98	IGM	iShares Expanded Tech	Pair Corr
0.97	IXN	iShares Global Tech	Pair Corr
0.91	NMAY	Innovator Growth 100	Pair Corr
0.91	EMOP	AB Active ETFs,	Pair Corr
0.91	ESGE	iShares ESG Aware	Pair Corr
0.89	PPI	Investment Managers	Pair Corr
0.86	VEA	Vanguard FTSE Developed	Pair Corr
0.83	HYG	iShares iBoxx High	Pair Corr
0.8	BKLN	Invesco Senior Loan	Pair Corr
0.77	PULT	Putnam ETF Trust	Pair Corr
0.72	WIA	Western AssetClaymore	Pair Corr
0.72	VPU	Vanguard Utilities Index	Pair Corr
0.71	SLV	iShares Silver Trust	Pair Corr
0.68	VYMI	Vanguard International	Pair Corr
0.67	AGMI	Themes Silver Miners	Pair Corr
0.4	VTIP	Vanguard Short Term	Pair Corr
0.31	VB	Vanguard Small Cap	Pair Corr
0.99	FELG	Fidelity Covington Trust	Pair Corr
0.99	BJUN	Innovator SP 500	Pair Corr
0.98	IYW	iShares Technology ETF	Pair Corr
0.95	FEMR	Fidelity Covington Trust	Pair Corr
0.93	VGT	Vanguard Information	Pair Corr
0.93	TSLP	Kurv Yield Premium	Pair Corr

Related Correlations Analysis

	PSQ	SDS	URTY	JNUG	NAIL	DDM	UVIX	CSM	PPH	RPAR
PSQ		0.99	-0.67	-0.51	0.64	-0.93	0.76	-0.91	-0.41	-0.87	PSQ
SDS	0.99		-0.69	-0.51	0.58	-0.95	0.82	-0.9	-0.4	-0.85	SDS
URTY	-0.67	-0.69		0.56	-0.03	0.57	-0.63	0.45	-0.15	0.52	URTY
JNUG	-0.51	-0.51	0.56		-0.44	0.36	-0.26	0.49	0.35	0.66	JNUG
NAIL	0.64	0.58	-0.03	-0.44		-0.56	0.2	-0.73	-0.8	-0.73	NAIL
DDM	-0.93	-0.95	0.57	0.36	-0.56		-0.8	0.88	0.45	0.78	DDM
UVIX	0.76	0.82	-0.63	-0.26	0.2	-0.8		-0.64	-0.12	-0.57	UVIX
CSM	-0.91	-0.9	0.45	0.49	-0.73	0.88	-0.64		0.59	0.89	CSM
PPH	-0.41	-0.4	-0.15	0.35	-0.8	0.45	-0.12	0.59		0.6	PPH
RPAR	-0.87	-0.85	0.52	0.66	-0.73	0.78	-0.57	0.89	0.6		RPAR
	PSQ	SDS	URTY	JNUG	NAIL	DDM	UVIX	CSM	PPH	RPAR

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

SDS	+ 0.99	PSQ
RPAR	+ 0.89	CSM
CSM	+ 0.88	DDM
UVIX	+ 0.82	SDS
RPAR	+ 0.78	DDM
UVIX	+ 0.76	PSQ

High negative correlations

DDM	- 0.95	SDS
DDM	- 0.93	PSQ
CSM	- 0.91	PSQ
CSM	- 0.9	SDS
RPAR	- 0.87	PSQ
RPAR	- 0.85	SDS

ProShares UltraPro Constituents Risk-Adjusted Indicators

There is a big difference between ProShares Etf performing well and ProShares UltraPro ETF doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze ProShares UltraPro's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
PSQ	0.77	(0.01)	0.00	0.05	0.00	0.00	2.06	(1.49)	5.71
SDS	1.11	(0.01)	0.00	0.05	0.00	0.00	2.39	(2.28)	8.58
URTY	2.86	(0.01)	0.04	0.04	3.73	(2.89)	7.40	(6.01)	20.71
JNUG	4.26	0.68	0.10	0.48	5.99	(4.19)	9.28	(9.04)	31.48
NAIL	3.28	(0.55)	0.00	(0.10)	0.00	0.00	8.82	(8.61)	24.80
DDM	1.06	0.00	0.03	0.04	1.38	(1.04)	2.41	(2.14)	7.61
UVIX	5.15	0.26	0.00	0.01	0.00	0.00	13.62	(15.15)	41.93
CSM	0.58	0.05	0.00	(0.62)	0.88	(0.55)	1.20	(1.38)	4.36
PPH	0.66	0.16	0.14	(2.17)	0.56	(0.77)	1.78	(1.21)	6.20
RPAR	0.40	0.08	0.09	0.82	0.27	(0.47)	0.84	(0.61)	2.53

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2025 Macroaxis LLC